4,790 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Corps Capital Advisors LLC

Corps Capital Advisors LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,790 shares of the electric vehicle producer’s stock, valued at approximately $1,934,000. Tesla makes up about 2.0% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Ieq Capital LLC grew its stake in Tesla by 11.7% in the 4th quarter. Ieq Capital LLC now owns 240,185 shares of the electric vehicle producer’s stock valued at $96,996,000 after purchasing an additional 25,117 shares during the period. Sterling Financial Planning Inc. bought a new position in Tesla during the fourth quarter valued at about $252,000. Bryn Mawr Capital Management LLC increased its holdings in Tesla by 369.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 51,554 shares of the electric vehicle producer’s stock worth $20,820,000 after buying an additional 40,572 shares during the last quarter. Fagan Associates Inc. boosted its stake in Tesla by 1.1% in the fourth quarter. Fagan Associates Inc. now owns 9,958 shares of the electric vehicle producer’s stock valued at $4,021,000 after acquiring an additional 111 shares during the last quarter. Finally, Good Life Advisors LLC grew its position in shares of Tesla by 9.9% during the 4th quarter. Good Life Advisors LLC now owns 18,943 shares of the electric vehicle producer’s stock valued at $7,650,000 after acquiring an additional 1,713 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Mizuho restated an “outperform” rating and issued a $515.00 target price on shares of Tesla in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft increased their price target on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company boosted their price objective on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. Finally, Bank of America lowered shares of Tesla from a “buy” rating to a “neutral” rating and increased their target price for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $319.57.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This represents a 6.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock worth $195,995,200 over the last ninety days. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 4.7 %

Shares of NASDAQ:TSLA opened at $337.80 on Friday. The firm has a market capitalization of $1.09 trillion, a PE ratio of 165.59, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The firm has a fifty day moving average of $400.17 and a 200 day moving average of $313.18.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.